⸺ Obituary · January 8, 2014 ⸺
“An Early Obituary For Bitcoin”
— Reuters, Edward Hadas
“Bitcoin is the wrong answer to a good question: what can be done to make the monetary system less crazy? . . . Bitcoin is not over yet. But the pseudo-currency is close enough to collapse to merit an early retrospective. . . . Bitcoin is neither a relatable store of value nor a helpful unit of account.”
Price at death
$860
Today
$73,565
Resurrection
×85.5
On 2014-01-08, Edward Hadas (Economics Editor, Thomson Reuters) declared Bitcoin dead via Reuters. Bitcoin was trading at ~$860 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on January 8, 2014, when one Bitcoin traded for approximately $860. Since then, Bitcoin has appreciated by 85.5× relative to the price on the day Reuters pronounced it finished.